NEW YORK — Drops for big tech-oriented stocks put the clamps on Wall Street's torrid rally Thursday. Tesla tumbled 9.7% despite reporting stronger profit and revenue for the spring than expected. Netflix sank 8.4% despite also reporting stronger profit than expected. rose 10% after reporting stronger profit and revenue for the latest quarter than expected. Its results for the latest quarter fell short of forecasts, and it disclosed it was working with regulators to resolve an accounting error dating back to 2007.

Source: Daily Sun July 20, 2023 22:18 UTC